A Lesson In BASIC Economics: Forward This to Every College Student & Bernie Supporter You Know

Written by William Pauwels on May 24, 2016

Every college student — every American, for that matter — should read a powerful, Christian-based book entitled, The Poverty of Nations – a Sustainable Solution. It was written by a couple of PhD’s: Wayne Grudem and Barry Asmus. The first is a theologian, the second an economist.

They have traveled the world together, giving lectures and identifying over seventy factors that affected the poverty of Nations. They back-up every one of their findings with biblical support and references.

To a generation reportedly concerned about the poverty of nations, I strongly recommend this new book, which I’m now reading for the second time. It might even be the basis for a course in every curriculum.

Another recommendation, perhaps for pre-college or post-graduation summer reading:

Equal Is Unfair – America’s Misguided Fight Against Income Inequality.

Forced equality is unfair according to author Yaron Brook, Ayn Rand Institute Executive Director. He says equality of income can only be achieved by force.

According to John Stossel, “the rich get richer and the poor get poorer” is a big lie. Since 1979 lower incomes have increased by 48% according to the CBO, 2015. Middle incomes have increased by 40% during this period.

Want Communism? Businesses in Communist Cuba do not pay their employees. Instead they pay the government. And the government pays all employees $20 a month. Everything in Cuba is owned by the government. This undermines personal incentive. Why work when everyone gets the same?

At the same time, Libertarian-Stossel feels Americans should be free to go to Cuba and/or to do business with Cuba. Our government shouldn’t tell us what we can and cannot do.

In God we must trust . . . but we must always do our part – to secure and promote the truth and a better way – to protect our freedom, interests and prosperity – and to defend our competitive, free-market, constitutional, free-enterprise system – and our Judeo-Christian American-Way and American Prosperity Machine.

Image: http://mises.org.br/Article.aspx?id=1980&comments=true

Share if you think these reading recommendations might be a good place to start for those wanting to understand more about economics.

William Pauwels
William A. Pauwels, Sr. was born in Jackson Michigan to a Belgian, immigrant, entrepreneurial family. Bill is a graduate of the University of Notre Dame and served in executive and/or leadership positions at Thomson Industries, Inc., Dow Corning, Loctite and Sherwin-Williams. He is currently CIO of Pauwels Private Investment Practice. He's been commenting on matters political/economic/philosophical since 1980.